Mountain House Transformation: $29k In Bookings The First Week!

[Michael Elefante]

I have three short term rentals that I rent out on Airbnb. This mountain house was a different project for me. The house had great bones and structural integrity, but just needed a little love. We finished October 14 and listed on Airbnb and VRBO. Within the first week, we have had over $29k in bookings between Oct 16-Dec 31 2020! This has surpassed my original forecasts. We are now forecasting to bring in around $125k in revenue and net around $75k during the first 12 months! That's around $6,500/ month cash flow on average. Crazy returns... Has anyone else had success flipping and renting houses out in hot STR markets? I also create some content on YouTube, focused around my experience on short term rentals, Airbnb, etc if anybody has interest in seeing how I evaluate properties, furnish them, etc. :) Let me know what you all think and if you have any suggestions, questions or comments.